SCHEDULES
SCHEDULE 9Wholesale cash distribution
PART 2Amendments to Part 6 of the Financial Services (Banking Reform) Act 2013
I15
In section 113 (interpretation: other expressions), in subsection (1)—
a
in the definition of “the relevant system”, after paragraph (b) insert—
- ba
in relation to an infrastructure company falling within subsection (2)(ba) of that section, any system used by the company to facilitate or control wholesale cash distribution,
b
at the end insert—
“wholesale cash distribution” and “wholesale cash distribution activities” have the meanings given by section 206E of the Banking Act 2009.